Ferrari Mailing List: Re: Interesting article on a previous topic

[Michael James (cavallino_rapante]

I don't think I would feel comfortable buying a product with any long-term 
committment associated with it understanding that the company who sold it to me 
was Bankrupt, had no operating capital, and was unable to service/support their 
product.....you can't tell me Bankrupcy has zero-impact on car sales.
 
M


--- On Tue, 5/26/09, Jim Conforti <lndshrk [at] xmission.com> wrote:


From: Jim Conforti <lndshrk [at] xmission.com>
Subject: Re: [Ferrari] Interesting article on a previous topic
To: "Michael James" <cavallino_rapante [at] yahoo.com>
Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
Date: Tuesday, May 26, 2009, 1:10 PM


At 10:50 AM 5/26/2009, Michael James wrote:
> I was referring to the initial situation prior to the bailout fund offerings 
> - whereas, the Govt. does absolutely nothing, and 'the marketplace' decides 
> whether you live or die.  In such an environment, GM would be DEAD, Chrysler 
> DEAD, end-of-story.

  Actually they wouldn't be.

  They would have filed Chapter 11, gotten RID of the unions
  weighing them down, and reorganized.  Some brands would have
  gone, some stayed - in the end - the exact same thing that is
  going to happen NOW - MINUS:

  1) Government "control"

  2) Taxpayer dollars en masse.

  Something ALL the big government socialist liberals fail to comprehend:

  Capitalism, like the human spirit it's wrought of, and like the
  science of Physics - JUST IS.

  Current Government "intervention" has in fact simply been a massive
  wealth transfer from the stock/bondholders of those corporations
  and the taxpayers-at-large to the UAW.

  Nothing more, nothing less.

  Jim Conforti